£20m fund to invest in creative industries
Sunday 04 March 2012
Budding British fashion firms will soon be eyeing up a £20m fund that will invest in up-and-coming businesses across design, creative and media industries.
Ingenious Ventures, whose parent company has a stake in the Creamfields music festivals, said its Media Opportunities Fund will start investing from April. Among the targets are mobile commerce, fashion e-commerce operators, advanced digital marketing providers and high-end fashion designers.
Patrick Bradley, Ingenious's chief executive, said: "The [fashion] sector remains an important, vibrant asset within the UK economy. Look at the success of London Fashion Week. We want to tap into this country's raft of exciting companies."
The fund is an Enterprise Investment Scheme, so, investors are eligible for 30 per cent tax relief on investments made of up to £500,000.
Ingenious has invested £6bn in the creative industries since its launch in 1998.
- 2 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 3 US? China? India? The 10 biggest economies in 2030 will be...
- 4 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
The only black face in the Ukip manifesto is on the page about overseas aid
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...